Real Estate
A small note for those willing to invest. Real estate in SA is amazingly cheap. You can get a nice house with 3 or 4 bedrooms, pool, garage, vast garden for about 300000R ($37500) anywhere in the country. From what I read real estate is poised for doubling in price in the next couple of years. A lot of foreigners already bought nice houses here.
What would make real estate double in price?
What if I (English and Australian nationality) bought an investment property and wanted later to re-sell it, how would I get my money out of the country? With great difficulty I imagine.
I also imagine that SA is highly volatile, especially it it follows the example of that baboon in Zimbabwe ousting white farmers.
Comment by Michael Richardson — February 8, 2004 @ 7:05 am